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Thai developer Krungthep Land enters joint venture with Singapore firm.

Bangkok Post (Bangkok, Thailand)

| August 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Kanana Katharangsiporn

Aug. 2--Local developer Krungthep Land Co Ltd, a subsidiary of listed developer Property Perfect Plc, has entered into a joint venture with Singapore developer Centrepoint Properties to tap the booming real estate business in Thailand.

The joint venture, Riverside Home Development Co, has registered capital of one billion baht with Krungthep Land and Centrepoint Properties each controlling 49 percent of the company. The remaining 2 percent is held by Thai individuals.

Uraiwan Bhatarakarnt, managing director of Krungthep Land, said the joint venture would develop three luxury condominiums and a shopping complex, ...

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